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$630,573

NAL Estimated Property Value

1027 Midnight Pass, Rockwall, TX, 75087

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,923 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$205.27 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
CoolingCooling
AppliancesDishwasher, Disposal, Electric Water Heater, Gas Cooktop, Gas Oven, Microwave, Double Oven
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size18,165 sqft

Building Information

Year Built2015
Stories1
Garage Spaces2

Land Information

APNS3269-000A-0002-00-0R
Lot Number2
SubdivisionCaruth Lake Phase 1b
Land UseResidential
Legal DescriptionCARUTH LAKE PHASE 1B, BLOCK A, LOT 2
Census Tract040202
Assessed Land Value$155,000
Assessed Improvement Value$475,573
Assessment Year2025

About this property

Welcome to a home where timeless character meets everyday comfort in one beautifully maintained home. Situated on a spacious lot that offers a rare sense of privacy, this custom-designed residence stands apart with distinctive architectural details and thoughtfully designed living spaces. From the moment you step inside, you'll be captivated by the stunning interior brick accent walls, elegant crown molding, and an open-concept floorplan that creates a seamless flow between the main living areas. The expansive kitchen, features abundant counter space, gas cooktop, double oven, extensive cabinetry, and room to gather, entertain, and create lasting memories. The oversized primary suite serves as a true retreat, offering generous space to unwind with an oversized shower and deep soaking tub. The fourth bedroom or office is located right off the entry with a full bath just around the corner. Large windows frame beautiful views of the backyard oasis, where a covered patio with a cozy fireplace overlooks the sparkling pool—creating the perfect setting for relaxing evenings or entertaining guests year-round. Enjoy breathtaking sunsets from the backyard, and take in seasonal fireworks displays from the windows of your own dining room. Combining custom craftsmanship, exceptional storage, spacious living, and inviting outdoor spaces, this Rockwall gem offers a lifestyle that is both elegant and welcoming. With a home like this, you'll never want to leave but in case you do historic downtown Rockwall is just a short drive down the road and you can walk to JER Chilton YMCA. HVAC was replaced in 2025.

Investor Tools

Property Icon
$630,573
Estimated Property Value
$189,918Estimated Mortgage Balance
$441,116Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,783 /month
Positive
Cash Flow Estimate:
$1,261 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$691/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,133
$630,573
2025
$155,000
$475,573
$630,573
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,133
$630,573

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Lending Partners Llc
Conventional
$229,000
No
First
Mar 5, 2018
Apr 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$189,918
$440,655
69%
30%
$1,373/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,010/mo
$1,373/mo
+$1,637/mo
5.7%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Rockwall

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1027 Midnight Pass | Property Details | No Agent List